$449,900
For Sale

622 Steele Loop

Wilmington, NC 28411
3132 sqft | 5 beds | 4.00 baths | 0.16 acres | #100451381
Browse 41 photos
Type:Purchase
Structure:House
Zone:Residential

Description

Discover a lucrative opportunity at 622 Steele Loop, where investment meets comfort in this spacious 5-bedroom home ideally positioned just moments from Wrightsville Beach. Currently leased until July 2025, this property generates a robust $3,347.5 per month in rental income, making it a compelling choice for investors seeking immediate cash flow.This meticulously maintained home features an owner's suite on the first floor, offering convenience and privacy. The aggressive pricing reflects the commitment to honoring the current lease, with a projected cap rate of 7%.Located near Wrightsville Beach, this property not only ensures a steady rental income but also a great opportunity for long-term appreciation. Imagine the allure for tenants seeking proximity to sandy shores and coastal charm.Seize this rare opportunity to add a profitable rental property to your portfolio. Whether you're expanding your investments or entering the rental market, 622 Steele Loop represents a smart choice with its strategic location and reliable income stream.Schedule your showing today and explore the possibilities of owning this exceptional investment property. Don't delay - opportunities like this don't stay on the market for long!

  • Property Details
      • Property SubtypeSingle Family Residence
      • SubdivisionReserve at West Bay
      • CoolingAttic Fans, Central
      • CountyNew Hanover
      • HeatingForced Air
      • MLS #100451381
      • MLS #100451381
      • Property TypePurchase
      • WaterElectric
      • Square Feet3132.00
      • RoofShingle
      • Cost449900
      • ParkingPaved
      • Bathrooms4.00
      • Acres0.16
      • Year Built2014
      • ZoningR-10
      • Stories2.0
      • Bedrooms5
      • Hoa1

Location

Christina CovingtonReal Estate Group
$
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Down Payment

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%
10.0%

Interest Rate

%
6.0%

Tax Rate

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2.6%
$
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annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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